Mary Vilakazi, previously deputy CEO of MMI, is the new group COO and executive director of FirstRand
Mary Vilakazi, previously deputy CEO of MMI and a 2017 CFO Awards nominee, has been appointed as the new group COO and executive director of FirstRand, effective 1 July 2018.
Laurie Dippenaar, chairman of FirstRand, has said that Mary’s appointment as group COO adds significant strategic and operational capacity at an executive management level.
“Expanding the insurance profit pools in FirstRand’s domestic business is one of the most significant levers for future growth and shareholder value creation and the board is excited to have someone of Mary’s calibre driving that strategy… Mary’s time at MMI also means she has an excellent understanding of the financial services regulatory environment, which will be a critical underpin to the domestic strategy of delivering integrated financial services to our customers.”
In other news from FirstRand, group CEO Johan Burger will be retiring at the end of March 2018. Alan Pullinger, currently group deputy CEO, will step into the role.